Air Canada (OTCQX:ACDVF) posted a far larger than anticipated loss for the fourth quarter as travel demand trended above pre-pandemic levels.
For the fourth quarter, the Canadian carrier posted a C$0.61 loss, outpacing the C$0.29 consensus estimate. Meanwhile, a 71.4% jump in revenue year over year to C$4.68B came in above the C$4.5B. Quarterly ticket sales were 102% of the levels seen in Q4 2019, according to CEO Michael Rosseau.
“We…
Read further.
#AirCanada